Part of my course studies included having to research American architecture.

Your primary residence loan most likely comes with the stipulation that you must live there for 1 year and if you plan on using the rental income in your dti ratio, usually you must prove 2 years of history on your taxes in order for lenders to take the rent into account.

I have recently graduated college and accepted a job in my field of study (Residential Property Management). 

I know guys who do it but you have to have some cash to prove you are serious, some patience to wait out the process, and thick skin. 

Seller, would you take X dollars for the property, would you help with financing, would you let me do a sub-to your mortgage, would you give me 90 banking days to study the property......Those questions are exploratory, the investor is trying to get to the base line so that he can formulate a written offer.

It would make a great case study if you don't mind sharing.

Therefore when I received the water bill from the water company, I would turn around and bill the tenant for the water usage, and include a copy of the water bill sent to me to prove to them I wasn't gouging them.  

These poor quality loans proved to be the sunami that  everyone around the world felt the affects of.

In summary, they are saying that as long as you put at least 25% down payment each time, AND you can prove that each property will positively cash flow even after your monthly payments to them are made, then come right in.Well if you can meet that criteria, I would think you should have no difficulty getting those same needed dollars from most other Lenders too.I think you will find that THIS property does not meet their criteria.

There is a ton of info here so I've got a lot of studying to do.